PGS Receives 3D Exploration Contract in the Mediterranean

PGS has been awarded a 3D exploration contract* in the Mediterranean. The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days.

“We are very pleased with this contract award securing work for the Ramform Titan through the winter season. The Mediterranean is a hotspot serving the European gas market and we see potential for more work in this prolific region,” says Rune Olav Pedersen, President & CEO in PGS.

PGS announces contract awards and MultiClient projects as stock exchange releases if the contract has a value of $10 million or more, MultiClient projects with a duration of 2 months or more, and strategically important contracts.

*The contract was included in PGS Q3 2023 order book and booked position as of the time the Company reported its Q3 2023 results.